Nestlé cuts 16,000 jobs in intensified cost drive
Nestlé announced 16,000 job cuts as the Swiss food giant pushed ahead with a broader turnaround and cost-cutting effort.
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388 reports.
EU fines Gucci, Chloé and Loewe more than €157 million over retail pricing
The European Commission said the luxury brands restricted independent sellers' ability to set prices and discounts online and in stores.
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China bars domestic firms from dealing with five Hanwha Ocean U.S. units
China’s Commerce Ministry targeted subsidiaries of South Korea’s Hanwha Ocean, linking the move to a U.S. trade probe into Chinese shipbuilding.
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Mokyr, Aghion and Howitt awarded 2025 economics prize for work on innovation-led growth
The Royal Swedish Academy of Sciences honored research explaining how technological progress and creative destruction can sustain economic expansion.
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U.S. buys Argentine pesos and finalizes $20 billion currency swap
The U.S. Treasury directly purchased pesos and completed a $20 billion swap line with Argentina’s central bank.
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US sanctions Serbia’s main oil supplier, raising winter fuel fears
The Treasury Department action against NIS could complicate fuel supplies in a country that relies heavily on Russian oil and gas.
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Gold futures break $4,000 as shutdown fears and rate-cut bets drive a flight to safety
Gold futures moved above $4,000 per troy ounce for the first time as investors sought refuge from U.S. shutdown uncertainty and a wider mix of economic and geopolitical anxieties.
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Lufthansa to cut 4,000 administrative jobs as AI and digitalization reshape operations
29, 2025. Germany's biggest airline group says it will reduce administrative staff by 2030, arguing that artificial intelligence, digitalization and tighter central control can lift efficiency and profitability.
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Iraq resumes Kurdish oil exports through Turkey after more than two years
Iraq is restarting oil exports from the Kurdish region through Turkey’s Ceyhan port after a suspension triggered by an arbitration ruling.
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Bosch plans 5,000 job cuts as Germany's car supplier sector struggles
26, 2025. Bosch said it will cut 5,000 jobs, most in Germany, as vehicle production stagnates, electric cars need fewer parts and automakers intensify pressure on suppliers.
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Russia and Ethiopia advance nuclear power cooperation
On the event date, Russia and Ethiopia signed an action plan to move forward on a nuclear power project involving Rosatom and Ethiopian Electric Power.
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China sanctions six U.S. companies as trade frictions deepen
Beijing expanded sanctions and export controls on six U.S. companies amid rising trade tension and continuing strategic rivalry with Washington.
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Amazon to close its UK Fresh stores as grocery strategy shifts online
The company says it will shut 19 stores and convert five of them into Whole Foods sites while pushing more grocery business through delivery.
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Norway wealth fund excludes Eramet over Indonesia nickel mine concerns
On the event date, Norway’s sovereign wealth fund said it was excluding Eramet because of risks linked to human rights violations and environmental damage at a nickel mine in Indonesia.
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Murdoch family settles control dispute, cementing Lachlan's grip on Fox and News Corp
8, 2025. Rupert Murdoch's children reached a settlement that leaves Lachlan Murdoch in control of the family's media empire and ends a long legal battle over succession.
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India cuts consumer taxes after new US tariffs
New Delhi approved a sweeping GST overhaul for hundreds of goods as it seeks to cushion consumers and exporters from a fresh tariff shock.
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Damascus International Fair Returns as Syrian Government Pitches Economic Reopening
Syrian President Ahmad al-Sharaa opened the 62nd Damascus International Fair and used the event to present the gathering as a symbol of post-Assad reconstruction and renewed commercial ties.
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Australia Post joins other global mail services and suspends US parcels
Reporting dated 2025-08-25 documents the event and its immediate consequences, with unresolved points retained as attributed or provisional.
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Air Canada suspends plan to resume flights as strike drags on
Air Canada paused its restart plan after cabin crew continued striking despite an order to return to work and binding arbitration.
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Air Canada strike ends in government-backed arbitration
Canada ordered binding arbitration to end a flight attendants' strike, and Air Canada says service will take days to return to normal.
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Claire's falls into administration in the UK and Ireland
The accessories chain has gone into administration in Britain and Ireland, putting thousands of jobs at risk while stores continue trading for now.
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Gildan to buy HanesBrands in $2.2 billion deal
The Canadian apparel maker is taking over the struggling U.S. basic clothing company in a transaction that keeps the brands but reshapes the ownership.
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Evergrande says Hong Kong delisting will proceed in August
The collapsed developer said it would be delisted from the Hong Kong stock exchange on Aug. 25 after a long suspension and liquidation order.
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United States and China extend tariff truce for another 90 days
Parallel announcements delayed a sharp increase in tariffs between the world’s two largest economies and gave negotiators more time to pursue a trade agreement.
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